S&P BSE Sensex IndexShort
Market Next Week - Mood is BEARISH
SENSEX WEEKLY
1. On week of 27-July made a high of 38617 which is 78% of restracement and respected as resistance
2. On week of 03-Aug it has broken the lows of last 2 weeks and 3 bar candle suggesting weakness a good weakness in the market.
3. Good sign is that it is abave the EMA's and near upper BB
4. Next week market may fall taking support around EMA's & fibo cluster near 36000 - 35700
SENSEX DAILY
1. Inside Bar on 07-Aug, Levels to Watch - 38221 & 37756.
2. Breaching any one of these on Monday will give the direction to the market.
3. Other Possibilities on Monday is to form OB - which again give a room for sideways over the week.
4. If breaks low - will make short bias if breaks high will make long strategies.
5. No Divergence is present on daily
SENSEX 15 Min
1. Respecting 61% retracement, after giving BO showing sign of weakness
2. RSI divergence present and respecting resistance
OVERALL - Mood is BEARISH
1. On week of 27-July made a high of 38617 which is 78% of restracement and respected as resistance
2. On week of 03-Aug it has broken the lows of last 2 weeks and 3 bar candle suggesting weakness a good weakness in the market.
3. Good sign is that it is abave the EMA's and near upper BB
4. Next week market may fall taking support around EMA's & fibo cluster near 36000 - 35700
SENSEX DAILY
1. Inside Bar on 07-Aug, Levels to Watch - 38221 & 37756.
2. Breaching any one of these on Monday will give the direction to the market.
3. Other Possibilities on Monday is to form OB - which again give a room for sideways over the week.
4. If breaks low - will make short bias if breaks high will make long strategies.
5. No Divergence is present on daily
SENSEX 15 Min
1. Respecting 61% retracement, after giving BO showing sign of weakness
2. RSI divergence present and respecting resistance
OVERALL - Mood is BEARISH
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.